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Rating Reports

Our comprehensive in-depth reports deliver expert insights into the regulatory, compliance, technology, and economic aspects of diverse digital assets across global jurisdictions.

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Rating Actions

Fixed Income

May 13, 2025

Particula Rating Action: Anemoy ($JTRSY), May 2025

Particula has upgraded the rating of the Janus Henderson Anemoy Treasury Fund ($JTRSY) token from A+ to AA+ as of May 7, 2025.*

Rating Abstracts

Fixed Income

Mar 18, 2025

Particula Rating Abstract: Blockstream Mining Note (BMN2), March 2025

Particula assigns an AA- rating to the issuance of the Blockstream Mining Note (BMN2) token by Blockstream Mining as of March 5, 2025.*

Rating Reports

Fixed Income

Feb 17, 2025

Particula Rating Report: Wellington ($ULTRA), February 2025

Particula assigns an AA+ rating to the issuance of the Delta Wellington Ultra Short Treasury On-Chain Fund token ($ULTRA) by Delta Master Trust as of February 17, 2024.*

Rating Abstracts

Fixed Income

Jan 27, 2025

Particula Rating Abstract: SPIKO ($USTBL), January 2025

Particula assigns an AA rating to the issuance of the USTBL token by Spiko SICAV as of January 22, 2025.*

Rating Abstracts

Fixed Income

Nov 5, 2024

Particula Rating Abstract: Backed ($bIB01), September 2024

Particula assigns an A rating to the issuance of the bIB01 $ Treasury Bond 0-1 yr token by Backed as of September 18, 2024.*

Rating Reports

Fixed Income

Oct 1, 2024

Particula Rating Report: Anemoy ($LTF), September 2024

Particula assigns an A+ rating to the issuance of the Liquid Treasury Fund 1 ($LTF) token by Anemoy as of September 9, 2024, with a positive outlook.*

Latest News & Insights

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Tokenized Assets: Bridging the Institutional Trust Gap

Blog

Research Articles

Feb 22, 2026

Tokenization - The Trust Gap: Why Institutional Allocators Need Better Tools

Institutional hesitation toward tokenized assets has many causes, but due diligence complexity stands out — it's the barrier that makes all others harder to overcome.

Particula Risk Ratings on Ownera SuperApps | Tokenized Assets

Blog

Press Releases

Feb 24, 2026

Particula Launches Risk Ratings on Ownera's SuperApps Platform

Beyond Reserves: Linking Blockchain Performance to Stablecoin Stability

Blog

Research Articles

Oct 9, 2025

Beyond Reserves: Linking Blockchain Performance to Stablecoin Stability

Stablecoins are foundational to DeFi, trading, and payments, yet peg reliability remains under scrutiny. Periodic deviations continue to raise questions about the resilience of issuers and the full set of factors underpinning peg maintenance.

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